Nigeria needs $337bn to implement SDGs from 2019-2022 – UN - Daily Nigerian
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  • News
    Former President Olusegun Obasanjo when he visited Governor Nasir El-Rufai at Kaduna Government House on Wednesday December 11, 2019

    Obasanjo: ‘Any job given to El-Rufai will be well done’

    President Muhammadu Buhari

    Buhari approves construction of roads in Kano, Bauchi, others

    Fire outbreak, system failure collapses National grid as electricity consumers groan total blackout

    NUEE Strike: Nigerians may celebrate New Year in blackout – Rep

    Buhari administration has failed in education – ASUU

    50 lecturers to withdraw from IPPIS as ASUU threatens query

    Sowore: Nigerian govt orders probe of alleged court invasion by SSS

    Sowore: Nigerian govt orders probe of alleged court invasion by SSS

    Dasuki: Ex-AGF Malami faces disciplinary panel over professional misconduct

    Arms Deal: Judge’s absence stalls Dasuki’s trial

    FEC approves N5.72bn for construction of NDIC zonal office in Bauchi

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    Maina opened 3 accounts in Fidelity Bank, lodged unspecified amounts, Witnesses tell court

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    Nigerian Senate

    Senate seeks 20% of national budget as their constituency projects

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    APC chairman faults Kalu’s conviction, says “I’m convinced the judgment is not fair”

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    Voting commences in Niger LG polls amidst low turnout

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    Dino Melaye

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    Jigawa earmarks N60m for construction of public toilets

    Buhari seeks Senate’s confirmation of new FIRS chairman, members

    Senate receives 2020 budget proposal for FCDA

    EFCC files 11-count charge against Naira Marley

    Alleged credit card fraud: Court adjourns Naira Marley’s trial

    Group backs Senate’s move to protect Nigerian airlines from unfair competition

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Nigeria needs $337bn to implement SDGs from 2019-2022 – UN

by News Desk
December 27, 2018
in News
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United Nations
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Nigeria needs not less than 337 billion dollars to implement the Sustainable Development Goals, SDGs, from 2019 to 2022, the UN Support Plan for the Sahel has estimated.

The cost of implementing the SDGs in Nigeria, according to the plan is 80.65 billion dollars  in 2019, 82.83 billion dollars in 2020, 85.07 billion dollars  in 2021 and 87.37 billion dollars in 2022.

On the investment needs in the Sahel, the plan reported the cost of implementing the SDGs in the Sahel is projected to be between 140.25 billion dollars and 157.39 billion dollars per year between 2019 and 2022 in the 10 Sahelian countries.

READ ALSO: UN calls for stiffer sanction against sexual, gender-based violence against women, girls

The plan said the 10 countries under the UN Integrated Strategy for the Sahel, UNISS, needed an average of 148.7 billion dollars annually to implement the SDGs or 594.8 billion dollars from 2018 to 2022.

The overarching goal of the Plan, targeting 10 countries; namely Nigeria, Burkina Faso, Cameroon, Chad, The Gambia, Guinea, Mali, Mauritania, Niger and Senegal, is to scale up efforts to accelerate shared prosperity and lasting peace in the region.

The Plan covering the period of 2098 to 2030, would help implement identified priorities to achieve the 2030 Agenda for Sustainable Development and the African Union Agenda 2063, the report said.

READ ALSO: SDGs: Nigeria achieves 48% attainment, says Presidential Aide

The plan, however, stated that public-sector funding gap, on average, remained at 36.2 per cent of the required resources.

UNISS was approved by the Security Council in 2013 and is a part of a preventive and integrated approach to strengthening governance, security and development in the region.

The plan noted that the Sahel is as much a land of opportunities as it is of challenges, and it is blessed with abundant human, cultural and natural resources, offering tremendous potential for rapid growth.

READ ALSO: Goal 6: SDGs progress very slow – WaterAid

The plan aims at mobilising public resources and triggering private investments in the 10 countries in support of ongoing efforts and initiatives by governments, international and regional organisations, among other partners.

It said in terms of natural resources, the Sahel is one of the richest regions in the world and is abundant with oil, natural gas, gold, phosphates, diamonds, copper, iron ore, bauxite, biological diversity and precious woods, among many other assets.

These natural endowments offer immense value for economic diversification, value-chain development and livelihoods, the UN plan said.

READ ALSO: Africa to need $7bn for rice imports by 2020 — FAO

The Sahel is also endowed with more potential for renewable energy such as solar and wind than other regions of the world, the UN plan showed.

Its solar energy potential translates to about 13.9 billion Kilowatt hours per year compared to the world’s electricity consumption of 20 million Kilowatt hours per year, according to 2016 data.

The Sahel is also the most youthful region of the world with 64.5 per cent of youth aged less than 25 years, meaning investments in education and vocational training could yield a demographic dividend.

NAN

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